Prestige Wealth Management Group LLC Has $200,000 Stock Holdings in Live Nation Entertainment, Inc. (NYSE:LYV)

Prestige Wealth Management Group LLC grew its stake in Live Nation Entertainment, Inc. (NYSE:LYV) by 11.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,136 shares of the company’s stock after purchasing an additional 215 shares during the quarter. Prestige Wealth Management Group LLC’s holdings in Live Nation Entertainment were worth $200,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Czech National Bank raised its holdings in Live Nation Entertainment by 0.5% in the 1st quarter. Czech National Bank now owns 24,965 shares of the company’s stock valued at $2,641,000 after acquiring an additional 115 shares during the period. Lindbrook Capital LLC boosted its stake in Live Nation Entertainment by 44.1% in the 1st quarter. Lindbrook Capital LLC now owns 389 shares of the company’s stock valued at $41,000 after purchasing an additional 119 shares during the period. Baker Tilly Wealth Management LLC grew its holdings in Live Nation Entertainment by 5.4% in the 2nd quarter. Baker Tilly Wealth Management LLC now owns 2,527 shares of the company’s stock valued at $237,000 after buying an additional 130 shares in the last quarter. Hohimer Wealth Management LLC increased its position in Live Nation Entertainment by 1.2% during the 2nd quarter. Hohimer Wealth Management LLC now owns 11,427 shares of the company’s stock worth $1,071,000 after buying an additional 130 shares during the period. Finally, Western Pacific Wealth Management LP lifted its holdings in shares of Live Nation Entertainment by 15.8% during the fourth quarter. Western Pacific Wealth Management LP now owns 981 shares of the company’s stock worth $92,000 after buying an additional 134 shares in the last quarter. Institutional investors and hedge funds own 74.52% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on LYV shares. Roth Mkm reaffirmed a “buy” rating and set a $120.00 price target on shares of Live Nation Entertainment in a research report on Friday, May 24th. Macquarie reiterated an “outperform” rating and issued a $125.00 price target on shares of Live Nation Entertainment in a research report on Wednesday, July 31st. Bank of America began coverage on Live Nation Entertainment in a research report on Wednesday. They set a “buy” rating and a $125.00 price target on the stock. Deutsche Bank Aktiengesellschaft lifted their price objective on Live Nation Entertainment from $121.00 to $122.00 and gave the company a “buy” rating in a report on Thursday, August 1st. Finally, Benchmark reissued a “buy” rating and set a $132.00 target price on shares of Live Nation Entertainment in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $119.46.

Live Nation Entertainment Price Performance

Shares of NYSE:LYV traded down $1.42 during trading on Friday, hitting $92.78. 1,861,544 shares of the company were exchanged, compared to its average volume of 2,106,812. Live Nation Entertainment, Inc. has a 1-year low of $76.48 and a 1-year high of $107.24. The company has a market capitalization of $21.32 billion, a P/E ratio of 88.36, a price-to-earnings-growth ratio of 2.20 and a beta of 1.34. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 9.22. The business’s 50 day moving average is $94.73 and its 200-day moving average is $95.80.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.03). Live Nation Entertainment had a return on equity of 84.78% and a net margin of 2.20%. The firm had revenue of $6.02 billion during the quarter, compared to analyst estimates of $6.02 billion. During the same period in the previous year, the company earned $1.02 EPS. Live Nation Entertainment’s revenue for the quarter was up 7.0% on a year-over-year basis. Equities analysts forecast that Live Nation Entertainment, Inc. will post 1.18 earnings per share for the current year.

Insider Activity at Live Nation Entertainment

In other Live Nation Entertainment news, CAO Brian Capo sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $96.61, for a total transaction of $483,050.00. Following the sale, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at approximately $1,190,911.47. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CAO Brian Capo sold 5,000 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $96.61, for a total transaction of $483,050.00. Following the completion of the transaction, the chief accounting officer now directly owns 12,327 shares of the company’s stock, valued at approximately $1,190,911.47. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Ping Fu sold 1,701 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $96.56, for a total value of $164,248.56. Following the completion of the sale, the director now owns 15,128 shares in the company, valued at approximately $1,460,759.68. The disclosure for this sale can be found here. Insiders sold a total of 8,201 shares of company stock worth $788,464 in the last quarter. 2.85% of the stock is owned by insiders.

About Live Nation Entertainment

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.